Majmaah University
College of Engineering
Department of Basic Engineering Sciences
Instructor Name
Course Title:
Prerequisite:
Academic Year:
Lecture Times:
Office Hours
Course Syllabus
Dr Chandra S Hakim
Engineering Economics
GE 407
2
Course code:
Cr.Hrs:
None
None
Monday from 8 to 8:50
Co-requisite:
Tutorial Time:
2014/15
II
Semester:
From 12 to 12:50 Sundays and Mondays
None
Lab Time:
Sunday and Tuesday from 10 to 12
003-2-38-5
Office number
Course Description
Introduction to engineering economy, The time value of money, Economic equivalence calculations, Analysis of break-even
point (BEP), Assessment of the benefit/cost, Decision-making and the choice between alternatives, return and the Effective
Rate of Return (ERR), Replacement policy, Depreciation rates, Fundamentals of inflation, Introduction to cost accounting
Student Learning Outcomes
Course Learning Outcomes
ABET
Student
Outcomes
By the end of this course the students will be able to
1
2
3
4
5
Calculate economic equivalence
Compare alternatives
Recognize and solve replacement problems
Solve practice exercises and present the answers to students
Use built-in functions in Excel for equivalence calculations
N
1
2
3
4
5
6
7
8
9
Course Contents
Short Description
Introduction to engineering economic decision, time value of money, cash flow diagram
Interest rate, economic equivalence
Present worth analysis
Annual cash flow analysis
Rate of return analysis
Project uncertainty
Replacement decision and benefit-cost analysis
Inflation and price change
Cost accounting
1
2
3
4
Method of Assessment
First major exam
Second major exam
Quiz and homework assignments
Final Exam
Textbook:
References:
Assessment
Assessed Learning Outcomes
1
2
5
1, 2, 3
a,
b, e
b, e
g
k
Weeks
2
3
2
1
1
2
2
1
1
Maximum Score
20 points
20 points
20 points
40 points
Books
Newnan, Eschenbach, Lavelle, Engineering Economic Analysis, 11th edition, 2011, Oxford University Press
Leland Blank, P.E., and Anthony Tarquin, P.E., “Engineering Economy”, McGraw-Hill, 6 Ed., 2005
Sullivan, W. G., Bontadelli, J. A. and Wicks, E. M., “Engineering Economy”, 11th ed., Prentice Hall, Upper
Saddle River, New Jersey, 2001.